Visualizing the Future of Media and Entertainment

Visual Capitalist  |

Visualizing the Future of Media and Entertainment

Visualizing the Future of Media and Entertainment

View the high resolution version of today’s graphic by clicking here.

Over your lifetime, the consumption of media and entertainment has already changed drastically.

For Boomers and Gen Xers, the shift has been earth-shattering. Both generations will remember a time before mainstream computing when TV was dominated by the Big Three TV networks (NBC, ABC, and CBS), and newspapers and magazines were the main way to stay in touch with what was happening.

Even millennials have seen fundamental shifts in consumption of media. After all, they experienced the rise of social media, online news, streaming, and digital video firsthand. Many of them will remember their college getting access to Facebook for the first time, the death of Napster, and the funny sounds their 28.8k modem made as it struggled to successfully download a single image file.

The modern landscape of media is very different than it was back then – and the coming years will see even more prolific changes.

The Future of Media and Entertainment

Today’s infographic comes to us from Raconteur, and it showcases multiple sets of data that help to illustrate the direction that media is heading. This includes the growth rates of various media and entertainment sectors, TV viewing trends, and social media use.

Here are some of the key trends that we found to be compelling:

Online video (6.0%), online ads (4.3%), and video gaming (2.7%) are the only sectors growing at a rate faster than GDP growth.

But while digital video use is growing, it’s not going to takeover TV anytime soon:

Lastly, here are some figures on the future of media and entertainment that are particularly interesting:

  • By 2021, Cisco says that 82% of all internet traffic will stem from digital video
  • There will be 26.3 million VR headsets shipped in 2022, up from 100,000 in 2016
  • The eSports market will jump 152% in size by 2021
  • By 2021, there will be 650 million subscribers to services like Amazon Prime or Netflix
  • 5G latency is expected to be 0.001 seconds, which is 15-60x faster than 4G

It’s fair to say that in another decade, media and entertainment will be much less recognizable than what it looks like today.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…